Albufeira extends period of applications to the fund of support to companies

Albufeira City Council helps with distance learning

The Albufeira City Council has extended the application period for the Business and Associative Support Fund for the municipality, worth 1 million euros, until next July 31.

José Carlos Rolo stresses that «the measure aims to provide an opportunity for a greater number of entrepreneurs to gather the necessary documentation for the instruction of the referred applications»; which must be formalized through email: [email protected], address that can also be used for clarification requests. Eligible activities are catering and the like, trade in retail goods, service provision and industry and agriculture.

THE Business and Associative Support Fund it is intended to support the treasury of companies with tax domicile or head office in the municipality of Albufeira, whose establishments were forced to close, under the law, or were not closed, suffered abrupt declines in their productivity. The intention, according to the autarchy, "is to mitigate the losses of companies, supporting them in the resumption of activity and in the maintenance of jobs related to them, as a means of safeguarding the economic and social sector of the municipality".

THE Bottom has an endowment of one million euros and applies to individual entrepreneurs or companies with fiscal residence or head office in the municipality of Albufeira, who have not benefited from other non-refundable state financial support, within the scope of the Covid-19 pandemic. In order to apply, entrepreneurs cannot have had a turnover in 2019 of more than 150 thousand euros, and must demonstrate that they had been open for at least 8 consecutive months in the year in question, with the exception of seasonal activities.

Support beneficiaries are obliged to keep their respective activities open and to maintain existing jobs at the date of submission of the application until December 31, 2020, with the exception of those who carry out seasonal activities, who are expected to maintain activity in 2020 for the same months that were open in 2019, at least, until October 31, 2020.

Applications, which were extended until July 31 (Friday), should be sent to the email: [email protected], by filling in the form available online and providing all necessary documentation.


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